Equity Capital Markets
A total of $362 million was raised from five issues in the equity capital markets this week, pushing year-to-date volume over the $13 billion barrier. UBS, Bank of America-Merrill Lynch and Morgan Stanley continue to top the league table ranking with $2.6 billion, $2.2 billion and $2.1 billion respectively.
CapitaMall Trust's $817 million fully marketed deal (of which only $327 million is eligible for league table credit) was the largest issue of the week and led by DBS and J.P. Morgan. The Singapore bank moved up a notch in the rankings to sit in sixth place with $734 million; while J.P. Morgan remains in the fifth spot on $981 million.
A handful of deals are scheduled to price next week including Bukit Sembawang Estates' $164 million rights offer via Oversea-Chinese Banking Corp; a $113 million Nasdaq IPO for Changyou.com led by Bank of America-Merrill Lynch and Credit Suisse; and Silver Base's $111 million IPO via bookrunners BOC International and UBS.
Debt Capital Markets
The debt capital markets relapsed to silence with zero trades this week. Barclays Capital and UBS share the top ranking in the league table on $1.49 billion each, while Deutsche Bank rounds out the top three with $1.48 billion.